What a country needs for being economically developed and prosperous? Perhaps many would say that plenty of resources is the answer. Well, not necessarily. A small and resource-limited country can also reach highest levels of development. What it needs is a good governance. The success story of Singapore comes to prove it. Young, with almost no resources, and spread on a tiny piece of land, the city-state managed to develop a strong economy with a competitive market, using a wise and effective governance. To understand what stands behind the success of Singapore, it is important to highlight 6 principles of good governance that reign in this tiny Asian country, contributing to its incredible growth.
- Zero Tolerance to Corruption
The first principle that defines the good governance in Singapore is the complete denial of any form of corrution in state institutions. Money, gifts or any other kind of bribery is …